PNC Financial Services Group Inc. reduced its stake in shares of XPO Logistics Inc (NYSE:XPO) by 12.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,995 shares of the transportation company’s stock after selling 3,814 shares during the quarter. PNC Financial Services Group Inc.’s holdings in XPO Logistics were worth $3,081,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in XPO Logistics by 10.8% during the first quarter. Principal Financial Group Inc. now owns 14,572 shares of the transportation company’s stock worth $1,484,000 after acquiring an additional 1,424 shares in the last quarter. United Services Automobile Association raised its stake in XPO Logistics by 34.3% during the second quarter. United Services Automobile Association now owns 21,321 shares of the transportation company’s stock worth $2,136,000 after acquiring an additional 5,449 shares in the last quarter. Kendall Capital Management raised its stake in XPO Logistics by 36.0% during the third quarter. Kendall Capital Management now owns 7,610 shares of the transportation company’s stock worth $869,000 after acquiring an additional 2,015 shares in the last quarter. Morgan Stanley raised its stake in XPO Logistics by 9.5% during the second quarter. Morgan Stanley now owns 1,037,587 shares of the transportation company’s stock worth $103,945,000 after acquiring an additional 90,218 shares in the last quarter. Finally, Marietta Investment Partners LLC raised its stake in XPO Logistics by 534.6% during the second quarter. Marietta Investment Partners LLC now owns 28,418 shares of the transportation company’s stock worth $2,847,000 after acquiring an additional 23,940 shares in the last quarter. Hedge funds and other institutional investors own 94.08% of the company’s stock.
Several research analysts have issued reports on XPO shares. Bank of America upgraded XPO Logistics from a “neutral” rating to a “buy” rating and set a $105.00 price objective for the company in a research note on Tuesday, October 30th. They noted that the move was a valuation call. Jefferies Financial Group set a $145.00 price objective on XPO Logistics and gave the stock a “buy” rating in a research note on Thursday, November 1st. ValuEngine lowered XPO Logistics from a “buy” rating to a “hold” rating in a research note on Tuesday, November 6th. Morgan Stanley increased their price objective on XPO Logistics from $125.00 to $128.00 and gave the stock an “overweight” rating in a research note on Monday, November 5th. Finally, Credit Suisse Group dropped their price objective on XPO Logistics from $125.00 to $119.00 and set an “outperform” rating for the company in a research note on Monday, November 5th. One analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. XPO Logistics presently has an average rating of “Buy” and a consensus price target of $117.40.
Shares of NYSE:XPO opened at $66.46 on Friday. XPO Logistics Inc has a twelve month low of $66.09 and a twelve month high of $116.27. The firm has a market capitalization of $9.13 billion, a PE ratio of 34.08, a price-to-earnings-growth ratio of 0.57 and a beta of 2.49. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28.
XPO Logistics (NYSE:XPO) last announced its earnings results on Wednesday, October 31st. The transportation company reported $0.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.98 by ($0.09). XPO Logistics had a net margin of 3.04% and a return on equity of 9.70%. The business had revenue of $4.34 billion during the quarter, compared to analyst estimates of $4.40 billion. During the same quarter last year, the business posted $0.59 earnings per share. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. Equities analysts anticipate that XPO Logistics Inc will post 3.33 earnings per share for the current year.
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XPO Logistics Profile
XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Spain, Europe, Asia, and internationally. The company's Transportation segment offers freight brokerage services comprising truck brokerage, intermodal, drayage, and expedite services; last mile services, primarily asset-light; density and day-definite regional, inter-regional, and transcontinental less-than-truckload freight services; full truckload services for transactional transportation of packaged goods, high cube products, and bulk goods; and logistics services for domestic, cross-border, and international shipments.
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